28A - Your Exit Strategy

28A - Your Exit Strategy

1) Identify the exit strategy you plan to make. Do you intend to sell your business in the next 5 years for a large return? Do you intend to stay with the business for several decades and retire? Do you intend to protect the venture as a family business, and pass it down to your children?

• The exit strategy for my company is to eventually self the technology to Apple or Android. I would like to have a royalty agreement that would allow for me to receive $0.05 on every phone sold, since my technology will be integrated into the phone at that time. This would allow me to be totally hands off and not have any stressed while still making an income. 

2) Why have you selected this particular exit strategy?

• This strategy will allow me to invest my time and money into a new product or service, which is what I thoroughly enjoy doing.  

3) How do you think your exit strategy has influenced the other decisions you've made in your concept? For instance, has it influenced how you have identified an opportunity? Has it influenced your growth intentions or how you plan to acquire and use resources?

• Yes I think it has influenced my growth strategies because it has given me an end goal that I would like to work towards. I have been acquiring the necessary resources to get me there.